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Stochastic Value Formation.

Authors :
Wu, Jiabin
Source :
Dynamic Games & Applications; Sep2021, Vol. 11 Issue 3, p597-611, 15p
Publication Year :
2021

Abstract

We propose a simple model of value formation in two societies (communities). When forming values, individuals face conformity pressure within their own society and they are intolerant toward the other society. When such a value formation process is noisy, the interaction between conformity, intolerance and noise can give rise to interesting dynamic outcomes including two polarized societies and polarization across the two societies. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
21530785
Volume :
11
Issue :
3
Database :
Complementary Index
Journal :
Dynamic Games & Applications
Publication Type :
Academic Journal
Accession number :
151737199
Full Text :
https://doi.org/10.1007/s13235-020-00370-z